Rzigui, Lotfi (2005): External shocks and economic fluctuations: evidence from Tunisia.
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In this paper, we investigate the role of openness and external shock transmission affecting Tunisian economy. The paper proposes a new econometric methodology of fluctuations analysis in the objective to evaluate the effect of external shock based on trade on the dynamics of the GDP. The estimated common trend model reveals the role of external shock as well as technological shock in variation of economic activity. Our results are added to criticisms addressed to RBC model of first generation and show the role of external shock, ignored a long time in the business cycle literature.
|Item Type:||MPRA Paper|
|Institution:||URDEE FSEG Sfax|
|Original Title:||External shocks and economic fluctuations: evidence from Tunisia|
|Keywords:||External shocks; technological shocks; common trend representation; variances decomposition|
|Subjects:||F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F41 - Open Economy Macroeconomics
C - Mathematical and Quantitative Methods > C3 - Multiple or Simultaneous Equation Models ; Multiple Variables > C32 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes ; State Space Models
E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E32 - Business Fluctuations ; Cycles
|Depositing User:||Lotfi RZIGUI|
|Date Deposited:||18. Nov 2006|
|Last Modified:||16. Feb 2013 05:13|
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